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20121201
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about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china. but realize, china is $8 trillion. our market is about twice the size. so we really need those manufacturing numbers to kick in next year. but of course there have been so many good confidence and housing numbers to sort of buttress that weaker number yesterday. > what is your stock strategy in the current market? > > i think the big question everyone has to ask themselves is, do i need microsoft, cisco, and intel in my portfolio? they have been laggards for years. microsoft at least has been paying some good dividends. it's kind of appreciated somewhat over the past couple of years. but you know, that pc market is not really happening; it's all the tablets and the smartphones. so, you have to ask yourself, next year, do i keep these stocks in my portfolio? so many people own them. > yes or no? what is the answer? > > i am going to give them another year, but intel is really on th
starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, bakery la boulange, and is about to finalize acquisition of tea company teavanna. tensions remain high in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california shipping port are over, but concerns of outsourcing p
from belize after police considered him a suspect in the killing of a u.s. expatriate. no charges have been filed outside of the u.s. against mcafee, who says he has not been questioned by u.s. authorities. meanwhile, the mcafee software security firm is out with a warning about cyber bank robbers. according to published reports, a massive cyber attack with the goal of stealing millions from consumer accounts is in the works. chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan. most recently, u.s. bank reported sudden trouble with its website. on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots.
the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency-- better known as as the i-e-a predicts demand for coal could come close to outpacing oil in the next few years. global demand for coal is expected to
will be really looking forward to next year to see what unfolds, not only in the u.s., which i think there is some optimism about the growth prospects, especially housing, but i also think as far as china is concerned, most people consider that the economy to have troughed and look for good things to happen. so i think there is a lot of optimism - even in europe there's a lot of optimism, but we know how that all goes when there is a lot of optimism. so, anyway, slow trading expected this week. > will there be some last- minute adjustments, or have most of those folks already gone home and closed the books for the year? > > i think for the most part anyone that really had anything to do really has done it already. that would be the capital gains tax-type selling, that sort of thing. but there's always some minor window dressing issues that could come up. so i wouldn't really pay much attention to the price action this week. what is probably more important is the first couple weeks in january. > do you have any kind of end- of-the-year strategy here, or are you just kind of going sit
is a marginal trend to bring business back to the u.s., and food is one of those more likely to stay 'in country' than go elsewhere." challenger, gray and christmas say december is often when layoffs are announced, a process that often continues into january. wall street alone has lost a net 1,200 jobs in 2012 according to new york state's comptroller. and it's about to get a whole lot worse. citigroup is laying off 11,000 people worldwide. bank of america and hsbc combined plan for 40,000 layoffs this year. ubs said in october it would cut 10,000 workers. all told, more than 300,000 financial industry jobs have been lost worldwide during the past two years. the bank belt-tightening is expected to continue in 2013. macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufa
-- the cars have made less of an impact in the u-s due to the fact that diesel fuel is more expensive. there's currently a missing ingredient in the martha stewart empire -- a ceo. the ceo of martha stewart living omnimedia -- lisa gersh -- is leaving the company after just one year. the company is now looking for a replacement. other branches of the company including its publishing and broadcasting units have experienced recent declines. pfizer is cutting jobs in order to cope with losses from its popular drug lipitor. bloomberg reports the pharmaceutical company will cut fs over broll 20 percent of its workforce -- or around 600 sales jobs. pfizer's lipitor has seen an increase in competition within the generic drug market. a spokesperson for pfizer did not confirm the report --but did say the company is making changes to fit the future needs of business. facebook gave investors something to "like" in 2012.. despite it's botched ipo day. because it was a heavy hitter.. ipo values this year, topped last year. with $40 billion dollars in 2012 ipo money compared to $35.5 billion in 2011. 1
most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading debacle." ceo jamie dimon took a trip to capitol hill for a testimony where he told senators that the industry needs "strong regulation, not always more." meanwhile, at chick-fil-a, the ceo of the popular chain cooked up trouble with some very public comments opposing gay marriage. the comments created a divide between protestors and supporters, some of whom participated in a successful chick-fil-a appeciation day. and, in a shocking move, twinkie maker hostess closed its doors, claiming a strike by
will be re-paid, but leaves out small businesses and private companies. the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which is enough to pay for recovery costs into early spring. peabody energy corp. gets a lump of coal in its stocking. the st. louis-based coal producer says a drop in coal prices and lower market demand are dragging down its sales by about 2 million tons. coal producers have struggled this year against record low natural gas prices. those cheap prices prompt utilities to use it instead of coal for fuel. peabody does expect results to improve later this year. the latest identification scam may be closer than you think. jennifer waters o
Search Results 0 to 8 of about 9

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